Vanderburgh County Indiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Vanderburgh County IN was $815 in 2019 according to the Census ACS survey.1 Average gross rent in Vanderburgh County was $834 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Vanderburgh County median and average rent data will be released in September of 2021.
Data is also available below for Vanderburgh County rental vacancy rates, Vanderburgh County rent as a percent of median income and the fraction of renters in Vanderburgh County.
Real Gross Rent in Vanderburgh County Indiana (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Indiana Median Gross Rent | $840 | +0.60% | +4.48% |
| Vanderburgh County IN Median Gross Rent | $815 | +2.90% | +3.43% |
Vanderburgh County IN Real Gross Rent Trends
At $815, real median gross rent in Vanderburgh County was at its highest level in 2019 since the series began in 2005. At $834, real average gross rent in Vanderburgh County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Vanderburgh County IN Median, Vanderburgh County IN Average, Indiana Median, US Median
Real Gross Rent History for Vanderburgh County
| Date | US Median |
Indiana Median |
Vanderburgh County IN Median |
Vanderburgh County IN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $840 | $815 | $834 |
| 2018 | $1,077 | $835 | $792 | $777 |
| 2017 | $1,043 | $818 | $755 | $789 |
| 2016 | $1,027 | $804 | $788 | $787 |
| 2015 | $1,017 | $804 | $744 | $728 |
| 2014 | $986 | $795 | $783 | $772 |
| 2013 | $953 | $769 | $746 | $760 |
| 2012 | $940 | $761 | $732 | $745 |
| 2011 | $941 | $764 | $755 | $768 |
| 2010 | $955 | $763 | $749 | $761 |
| 2009 | $960 | $783 | $767 | $788 |
| 2007 | $927 | $750 | $732 | $752 |
| 2005 | $910 | $769 | $726 | $745 |
Vanderburgh County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Vanderburgh County Indiana was 6.20% according to Census ACS data.
Rental Vacancy Rate in Vanderburgh County Indiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Indiana | 6.89% | +0.30% | -0.07% |
| Vanderburgh County IN | 6.20% | -3.69% | +0.44% |
Trends in Vanderburgh County IN Rental Vacancy Rate
The rental vacancy rate in Vanderburgh County peaked in 2005 at 14.88%. Since then it has fallen by 8.68% to 6.20%. Data records for this series originated in 2005. From a 2013 post peak low of 2.61%, the rental vacancy rate has increased by 3.59%.
Rental Vacancy Rate: Vanderburgh County IN, Indiana, US
Historical Rental Vacancy Rate data for Vanderburgh County
| Date | US | Indiana | Vanderburgh County IN |
|---|---|---|---|
| 2019 | 5.97% | 6.89% | 6.20% |
| 2018 | 6.15% | 6.59% | 9.89% |
| 2017 | 6.18% | 7.14% | — |
| 2016 | 5.89% | 6.96% | 5.76% |
| 2015 | 5.85% | 7.94% | — |
| 2014 | 6.32% | 8.09% | 10.33% |
| 2013 | 6.49% | 7.00% | 2.61% |
| 2012 | 6.77% | 8.43% | 5.50% |
| 2011 | 7.40% | 8.47% | 6.70% |
| 2010 | 8.17% | 8.78% | — |
| 2009 | 8.43% | 10.44% | — |
| 2007 | 7.87% | 9.72% | 8.88% |
| 2005 | 7.74% | 10.67% | 14.88% |
Rent as a Fraction of Income
Using median household income data for Vanderburgh County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Vanderburgh County, median monthly gross rent as a fraction of median household income was 19.05% in 2019 according to the ACS.
Vanderburgh County Indiana Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Indiana | 17.50% | -0.15% | -0.12% |
| Vanderburgh County IN | 19.05% | +0.49% | -0.57% |
Trends in Vanderburgh County IN Rent as a Fraction of Income
The fraction of median Vanderburgh County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 21.18%. Since then it has fallen by 2.13% to 19.05%.
Fraction of Income towards Rent: Vanderburgh County IN, Indiana, US
Historical Data for Annual Rent as a Fraction of Income in Vanderburgh County Indiana
| Date | US | Indiana | Vanderburgh County IN |
|---|---|---|---|
| 2019 | 20.03% | 17.50% | 19.05% |
| 2018 | 20.50% | 17.65% | 18.55% |
| 2017 | 20.13% | 17.56% | 18.82% |
| 2016 | 20.43% | 17.62% | 19.62% |
| 2015 | 20.63% | 18.00% | 19.76% |
| 2014 | 20.89% | 18.27% | 21.18% |
| 2013 | 20.78% | 18.43% | 20.67% |
| 2012 | 20.65% | 18.27% | 19.92% |
| 2011 | 20.70% | 18.27% | 19.23% |
| 2010 | 20.50% | 18.37% | 19.96% |
| 2009 | 20.12% | 18.15% | 19.06% |
| 2007 | 18.66% | 16.14% | 17.79% |
| 2005 | 18.89% | 16.78% | 16.70% |
Renter Fraction in Vanderburgh County Indiana
You can calculate the renter fraction in Vanderburgh County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Vanderburgh County as a fraction of total Vanderburgh County households. In 2019 36.16% of households were renters according to Census ACS data.
Vanderburgh County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Indiana | 30.69% | -0.37% | -0.96% |
| Vanderburgh County IN | 36.16% | +0.39% | -1.62% |
Trends in the Vanderburgh County IN Renter Fraction
The Vanderburgh County household renter fraction peaked in in 2009 at 38.32% and is now 2.16% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Vanderburgh County IN, Indiana, US
History of Vanderburgh County Renter Fraction
| Date | US | Indiana | Vanderburgh County IN |
|---|---|---|---|
| 2019 | 35.89% | 30.69% | 36.16% |
| 2018 | 36.05% | 31.06% | 35.77% |
| 2017 | 36.13% | 30.96% | 33.52% |
| 2016 | 36.88% | 31.65% | 37.78% |
| 2015 | 36.97% | 31.82% | 35.07% |
| 2014 | 36.90% | 31.42% | 37.21% |
| 2013 | 36.50% | 31.48% | 36.98% |
| 2012 | 36.09% | 30.62% | 35.71% |
| 2011 | 35.42% | 30.28% | 36.24% |
| 2010 | 34.65% | 29.71% | 34.89% |
| 2009 | 34.13% | 29.57% | 38.32% |
| 2007 | 32.80% | 28.37% | 34.66% |
| 2005 | 33.10% | 28.00% | 33.50% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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